Question

Discuss three ways in which a company can protect it's Intellectual Property internationally

Answer 1

Intellectual Property

As we know that property refers to the asset which belongs to any individual or an organization as they have the ownership of that particular asset but there are some assets which are valuable for the individual or any organization but do not have any physical existence like a trademark, patent, etc these types of properties are known as the intellectual property and these properties also have a specific market value due to which protecting these intellectual properties is very important.

Now let us discuss some ways through which a company can protect its intellectual property internationally.

• The first and most important way through which a company can protect its intellectual property is to stay in touch with the legal aspect of that particular country in which the company is doing business which will help the organization to be clear about all the levels through which they can protect their intellectual property in that market as each and every country has a different approach towards protection of these properties.
• The organization can register and patent their design, trademark or any invention in that particular country at the beginning of doing business which will eliminate the chance of being misused or being robbed by the local organizations of that country to improve their business in the market.
• When taking help with different companies in that particular market the organization should make a clear contract with that helping company about the limitation of the usage of intellectual property which will help the organization to safeguard its property even in the international market.